Original article by Matthew Cranston
The Australian Financial Review – Page: 7 : 6-Sep-19
New data shows that real disposable income per capita increased by one per cent in the June quarter and by 2.7 per cent in the year to June. Real disposable income per capita has risen in four consecutive quarters and it is now $59,258, compared with the OECD average of $44,845. Chris Richardson of Deloitte Access Economics says the growth in income per capita may not be sustained, given that the iron ore price has retreated from its recent highs.
DELOITTE ACCESS ECONOMICS PTY LTD, AUSTRALIAN BUREAU OF STATISTICS, INDUSTRY SUPER AUSTRALIA PTY LTD, JP MORGAN AUSTRALIA LIMITED, UNIVERSITY OF MELBOURNE. INSTITUTE OF APPLIED ECONOMIC AND SOCIAL RESEARCH, KPMG AUSTRALIA PTY LTD, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, KPMG AUSTRALIA PTY LTD